The Euro demolished the Dollar for the back half of 2020 and retrace to some level makes sense. The market seems to have exhausted some buyers which is evident on lower highs and the failure to squeeze sellers from 1.2347. The dollar may continue to weaken in the coming months, however there is definitely a correction due. Based on analysis I see smart money...
Price is approaching a strong resistance level formed by a previous swing high. Would like to see the band start coming down to meet the candlesticks or for price to spike up, hit the band and then form a signal to get short. Stay frosty!
Due to the strength of the signal, I decided to trade this one through the closest support and onto the next one down. Pull back happened and order filled. Now, it's either a 1X loss or a 2X win. Simple.
If we see a close at or beyond the current level, then I will engage in a Buy set up. R:R is 2:1. Pull back requires and stop loss is 5 pips below the lowest candle in the 2 x candle signal, which in this case is the low of the black candle.
Spotted a bat pattern forming on the NZDCHF daily chart. When the market opens back up tomorrow I plan on setting a buy limit order at the 0.886 retracement of X to A with my stop loss just below X and profit target set for the 0.382 retracement of the A to D move.
$POT has been trending upwards on increasing volume Long PotCoin from around 500satoshi give or take with a 1st target of 700satoshi risking against previous resistance around 400sat. If we break 700 the sky's the limit, upcoming legalization in Canada I see nice longterm potential for this creeper. Risk : Reward 2 to 1
Predicted That Price Will Drop At 83.643 Lets See..
I see a Bat pattern in the AUD/JPY 30 min chart, around the 96.810 area. The market here seems to be in an uptrend, so it isn't bad to assume that the market could break out of consolidation and continue trend. But I believe since the market will be testing highs for the year, the market will complete the pattern and reverse down into the 1.618 extension of the...